economy https://www.thebatavian.com/ en https://www.thebatavian.com/themes/barrio_batavian/images/thebatavian_logo.png economy https://www.thebatavian.com/ Local Matters © 2008-2023 The Batavian. All Rights Reserved. Thu, 02 May 2024 08:08:29 -0400 https://www.thebatavian.com/themes/barrio_batavian/images/thebatavian_logo.png Fri, 03 Feb 2023 14:50:00 -0500 County's unemployment rate ticks up slightly in December https://www.thebatavian.com/howard-b-owens/countys-unemployment-rate-ticks-up-slightly-in-december/626983 For the first time in more than a year, Genesee County's unemployment rate was higher than the same period a year earlier in December.

The December rate was 2.9 percent, according to Department of Labor statistics.  The prior December it was 2.7 percent.  It was 5.7 percent in December 2020.

In Genesee County in December, there were 29,300 local residents in the labor force, with 900 of those people looking for work, compared to 29,000 workers in December 2021, with 800 of them looking for work.

The number of non-farm jobs in Genesee County reported in December was 22,400, up 200 jobs from 2021 but 100 lower than in November, which was 400 lower than October.

The nation's job market remains strong, according to news reports. The economy grew by 517,000 jobs when economists projected more modest growth, about 188,000 jobs.

Genesee County's January numbers won't be available for at least another three weeks.

Meanwhile, economists remain concerned about the declining participation in the labor force of men of prime working age, a trend that started in the 1960s.

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https://www.thebatavian.com/howard-b-owens/countys-unemployment-rate-ticks-up-slightly-in-december/626983#comments https://www.thebatavian.com/howard-b-owens/countys-unemployment-rate-ticks-up-slightly-in-december/626983 Feb 3, 2023, 2:50pm economy County's unemployment rate ticks up slightly in December Howard Owens <p>For the first time in more than a year, Genesee County's unemployment rate was higher than the same period a year earlier in December.</p> <p>The December rate was 2.9 percent, according to Department of Labor statistics.&nbsp; The prior December it was 2.7 percent.&nbsp; It was 5.7 percent in December 2020</p>
Labor Department reports a 3 percent unemployment rate for county in July https://www.thebatavian.com/howard-b-owens/labor-department-reports-a-3-percent-unemployment-rate-for-county-in-july/614836 There were 30,500 Genesee County residents reported in the labor force for July, according to state data released today, up from 29,400 a year ago and down by 100 from June.

July marks the third straight month that Genesee County's labor force -- the number of people either working or seeking work -- has topped 30,000. The labor force was typically over 30,000 in the several months before the pandemic struck.

The unemployment rate for July is pegged at 3 percent, lower than a year ago when it was 4.3 percent. The rate in June was 2.8 percent.

In both July and June, 900 people were listed as unemployed, according to the Labor Department data. In July 2021, there were 1,300 people unemployed.

The state's unemployment rate was 4.8 percent for July compared to 7.1 percent a year ago.

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https://www.thebatavian.com/howard-b-owens/labor-department-reports-a-3-percent-unemployment-rate-for-county-in-july/614836#comments https://www.thebatavian.com/howard-b-owens/labor-department-reports-a-3-percent-unemployment-rate-for-county-in-july/614836 Aug 23, 2022, 7:18pm economy Labor Department reports a 3 percent unemployment rate for county in July Howard Owens <p>There were 30,500 Genesee County residents reported in the labor force for July, according to state data released today, up from 29,400 a year ago and down by 100 from June.</p> <p>July marks the third straight month that Genesee County's labor force -- the number of people either working or</p>
Genesee County's unemployment rate drops again; 800 jobs added to local economy https://www.thebatavian.com/howard-b-owens/genesee-countys-unemployment-rate-drops-again-800-jobs-added-to-local-economy/606246 Genesee County's unemployment rate of 2.8 percent in April is the lowest early spring rate on record and just a tick higher than the previous low of any time of year -- higher than reported in December when it was 2.7 percent.

A year ago in April, the rate was 4.6 percent. 

The pre-pandemic low for April was 3.1 percent in 2019.

The NYS Labor Department reports 29,500 Genesee County residents are in the labor force, up from 28,900 a year ago and two hundred workers more than a month earlier.

According to the reported data, there are 800 county residents looking for work.  A year ago, there were 1,300 residents listed as unemployed.

The labor department also reports 22,300 non-farm jobs in Genesee County, up from 21,500 in April a year ago.

There are 17,100 private sector jobs compared to 16,400 a year ago.  There are now 5,100 government jobs in the county, which is 100 more than a year ago.

 

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https://www.thebatavian.com/howard-b-owens/genesee-countys-unemployment-rate-drops-again-800-jobs-added-to-local-economy/606246#comments https://www.thebatavian.com/howard-b-owens/genesee-countys-unemployment-rate-drops-again-800-jobs-added-to-local-economy/606246 May 26, 2022, 7:30am economy Genesee County's unemployment rate drops again; 800 jobs added to local economy Howard Owens <p>Genesee County's unemployment rate of 2.8 percent in April is the lowest early spring rate on record and just a tick higher than the previous low of any time of year -- higher than&nbsp;reported in December when it was 2.7 percent.</p> <p>A year ago in April, the rate was 4.6</p>
County records job growth in December https://www.thebatavian.com/howard-b-owens/county-records-job-growth-in-december/589939 There were 200 more private-sector jobs in Genesee County than in December than in the previous December according to data released by the NYS Department of Labor.

The county went from 15,800 private-sector jobs in the county a year ago to 16,000 in December 2021.

The county added goods-producing and professional and business service jobs, according to the data.

Meanwhile, the total number of government jobs dropped by 5,300 to 5,200.

The entire state added more than 45,000 new jobs in December.

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https://www.thebatavian.com/howard-b-owens/county-records-job-growth-in-december/589939#comments https://www.thebatavian.com/howard-b-owens/county-records-job-growth-in-december/589939 Jan 21, 2022, 1:42pm economy County records job growth in December Howard Owens <p>There were 200 more private-sector jobs in Genesee County than in December than in the previous December according to data released by the NYS Department of Labor.</p> <p>The county went from&nbsp;15,800 private-sector&nbsp;jobs in the county a year ago to 16,000 in December 2021.</p> <p>The county added goods-producing and professional and</p>
Genesee County's job applicant pool shrinking as employers continue try to fill open positions https://www.thebatavian.com/howard-b-owens/genesee-countys-job-applicant-pool-shrinking-as-employers-continue-try-to-fill-open The labor market in Genesee County continued to tighten in May the number of people in the job market without a job dropped by 200 from the previous month.

In May 2021 in Genesee County, there were 1,200 people in the labor force without jobs according to NYS Labor Department data.

The unemployment rate is 4.2 percent, or similar to May 2017, when it was 4.3 percent. In May 2019, the rate was 3.2 percent. Last year, three months into the coronavirus pandemic, it was 11.1 percent.

Meanwhile, there are 1,057 open job positions listed with the Job Bureau in Genesee County, according to Director Teresa VanSon.

Also according to the state, there are 21,000 non-farm jobs that are filled in Genesee County, up 1,700 from 19,300 May 2020. The total private-sector jobs jumped from 14,200 to 15,900 year-over-year. Government jobs remained unchanged at 5,100.

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https://www.thebatavian.com/howard-b-owens/genesee-countys-job-applicant-pool-shrinking-as-employers-continue-try-to-fill-open#comments https://www.thebatavian.com/howard-b-owens/genesee-countys-job-applicant-pool-shrinking-as-employers-continue-try-to-fill-open Jun 22, 2021, 5:33pm economy Genesee County's job applicant pool shrinking as employers continue try to fill open positions Howard Owens <p>The labor market in Genesee County continued to tighten in May the number of people in the job market without a job dropped by 200 from the previous month.</p> <p>In May 2021 in Genesee County, there were 1,200 people in the labor force without jobs according to NYS Labor Department</p>
Local unemployment rate drops to 5 percent https://www.thebatavian.com/howard-b-owens/local-unemployment-rate-drops-to-5-percent/565234 The local unemployment rate hit its lowest level of 2020 so far in April at 5 percent, more than 10 percentage points what it was in the previous April, the worst month locally for the job market during the coronavirus pandemic.  

The 5-percent rate is still a point-and-a-half or so above the 3.6-percent rate of April 2019.

Outside of the 15.9-percent rate of a year ago, the highest rate for an April over the past 31 years was 7.6 percent in 2012.

The Labor Department reports 27,900 people in Genesee County's labor force, which is the aggregate of everybody employed and everybody seeking work. Of those, 26,500 have jobs and 1,400 are looking for jobs.

The March 2021 unemployment rate was 6.1 percent.

The state's unemployment rate is 8.2 percent.

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https://www.thebatavian.com/howard-b-owens/local-unemployment-rate-drops-to-5-percent/565234#comments https://www.thebatavian.com/howard-b-owens/local-unemployment-rate-drops-to-5-percent/565234 May 25, 2021, 2:46pm economy Local unemployment rate drops to 5 percent Howard Owens <p>The local unemployment rate hit its lowest level of 2020 so far in April at 5 percent, more than 10 percentage points what it was in the previous April, the worst month locally for the job market during the coronavirus pandemic. &nbsp;</p> <p>The 5-percent rate is still a point-and-a-half or</p>
County's unemployment rate drops to 4.6 percent https://www.thebatavian.com/howard-b-owens/countys-unemployment-rate-drops-to-46-percent/562498 Genesee County's unemployment rate was 4.6 percent in November, still a percentage point higher than a year ago, but a bit better than it was with October's 5.0 percent rate.

There are 27,000 county residents with jobs. There were 28,400 a year ago in November and 26,800 in October of this year.

There are 1,300 people actively seeking employment compared to 1,100 a year ago and 1,300 last month.

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https://www.thebatavian.com/howard-b-owens/countys-unemployment-rate-drops-to-46-percent/562498#comments https://www.thebatavian.com/howard-b-owens/countys-unemployment-rate-drops-to-46-percent/562498 Dec 23, 2020, 11:03am economy County's unemployment rate drops to 4.6 percent Howard Owens <p>Genesee County's unemployment rate was 4.6 percent in November, still a percentage point higher than a year ago, but a bit better than it was with October's 5.0 percent rate.</p> <p>There are 27,000 county residents with jobs. There were 28,400 a year ago in November and 26,800 in October of</p>
County's unemployment rate rose in October https://www.thebatavian.com/howard-b-owens/countys-unemployment-rate-rose-in-october/562113 The unemployment rate in Genesee County was 5.1 percent for October according to the New York Department of Labor.

That's up from 3.4 percent in October 2019 and 4.7 percent in September.

There are 28,300 county residents in the labor force, down from 29,700 a year ago.

There are 400 more people in the labor force without jobs, jumping from 1,000 in 2019 to 1,400 this year.

The GLOW region unemployment rate is 5.2 percent, up from 3.6 percent a year ago.

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https://www.thebatavian.com/howard-b-owens/countys-unemployment-rate-rose-in-october/562113#comments https://www.thebatavian.com/howard-b-owens/countys-unemployment-rate-rose-in-october/562113 Nov 27, 2020, 2:33pm economy County's unemployment rate rose in October Howard Owens <p>The unemployment rate in Genesee County was 5.1 percent for October according to the New York Department of Labor.</p> <p>That's up from 3.4 percent in October 2019 and 4.7 percent in September.</p> <p>There are 28,300 county residents in the labor force, down from 29,700 a year ago.</p> <p>There are 400</p>
Many possible reasons for drop in size of local labor force in August https://www.thebatavian.com/howard-b-owens/many-possible-reasons-for-drop-in-size-of-local-labor-force-in-august/560458 While the size of Genesee County's labor force shows a significant drop for August, some of this explained by normal seasonal fluctuations, says Tammy Marino, a labor analyst for the Department of Labor.

The labor force expands in the summer with students taking on jobs and for the season. This year, many college-age workers returned to campuses earlier than usual.

The August labor force for Genesee County was 29,800, down from 30,300 the month before, and down from 30,200 the year before.

Marino noted that the August number is close to the spring number. In May, the local labor force contained 29,500 workers.

There are also people who have dropped out of the labor force for various reasons, Marino said.

"There are many factors that influence people’s decision to (not) participate in the labor force," Marino said. "No child care, fear of the virus, a need to take care of a sick relative, etc. Also, long-term trends come into play here as well, a general aging of the population overall has resulted in a shrinking labor force in recent years."

There are 27,400 people with jobs living in the county, down from 29,200 a year ago. There are 2,400 people who are out of work but looking for an appropriate job, up from 1,000 a year ago.

That puts the August unemployment rate at 8.1 percent. In August of 2019, it was 3.5 percent.

Since the start of the pandemic the monthly unemployment rate has been:

  • April: 14.4 percent
  • May: 10.1 percent
  • June: 9.5 percent
  • July: 10.5 percent
  • August: 8.1 percent

The September estimate has not yet been released.

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https://www.thebatavian.com/howard-b-owens/many-possible-reasons-for-drop-in-size-of-local-labor-force-in-august/560458#comments https://www.thebatavian.com/howard-b-owens/many-possible-reasons-for-drop-in-size-of-local-labor-force-in-august/560458 Oct 10, 2020, 4:59pm economy Many possible reasons for drop in size of local labor force in August Howard Owens <p>While the size of Genesee County's labor force shows a significant drop for August, some of this explained by normal seasonal fluctuations, says Tammy Marino, a labor analyst for the Department of Labor.</p> <p>The labor force expands in the summer with students taking on jobs and for the season.&nbsp;This year</p>
Just before pandemic hit, local unemployment rate increased half a percent https://www.thebatavian.com/howard-b-owens/just-before-pandemic-hit-local-unemployment-rate-increased-half-a-percent/553229 In what may be the last snapshot of the employment picture in Genesee County before pandemic shutdowns hit local businesses, the local unemployment rate had already ticked up year-over-year for March from 4.7 percent to 5.2 percent.

The Department of Labor released statewide statistics today with a note indicating the household census of employment was taken at the beginning of March before most "nonessential" businesses were ordered to close or modify operations.

In that survey, 27,500 residents of Genesee County had jobs in a labor force of 29,000 people, with 1,500 residents seeking employment.

Through the rest of March, the Department of Labor reported a record number of jobless claims. It will be another month before we receive revised employment stats. Economists are estimating the national unemployment rate may now be as high as 32 percent.

In response to the high jobless claims, Congress passed legislation that: authorized $1,200 payments to most Americans; increased unemployment payments by $600 a week; and authorized $350 million in loans to small businesses that have suffered losses due to the pandemic primarily for payroll purposes.

The loans, if standards are met, could be converted into grants. The Senate is expected to vote today on a new stimulus package that would add nearly $500 million to the Payroll Protection Program.

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https://www.thebatavian.com/howard-b-owens/just-before-pandemic-hit-local-unemployment-rate-increased-half-a-percent/553229#comments https://www.thebatavian.com/howard-b-owens/just-before-pandemic-hit-local-unemployment-rate-increased-half-a-percent/553229 Apr 21, 2020, 5:36pm economy Just before pandemic hit, local unemployment rate increased half a percent Howard Owens <p>In what may be the last snapshot of the employment picture in Genesee County before pandemic shutdowns&nbsp;hit local businesses, the local unemployment rate had already ticked up year-over-year for March from 4.7 percent to 5.2 percent.</p> <p>The Department of Labor released statewide statistics today with a note indicating the household</p>